It’s no surprise that 2009 will be an interesting, and, by all accounts, challenging year for industry. As we look ahead, VOLLMER pulled a couple of quotes from our clients and media partners about their thoughts for the coming year. Despite global and domestic economic turmoil, what we heard again and again was cautious optimism. With leadership changes and daily Wall Street rollercoaster rides, caution seems to be the name of the game. Here are just a few thoughts of what our valued partners are thinking for 09:
“The first half of the year will be slow… people will be cautious until they see some of the initiatives of government and the private sector start having some effect…then we should start to experience some notable improvement. Americans are hard working, smart and inventive people and we need to focus on these attributes for the long term future of our country. In the end, our country will prevail. Hopefully the current pain will not be too intense, and it will get us back on the right track – one that enables us to be the largest and most prosperous economy in the world.” Matt Daniel, Vice President Business Development, Skanska, www.skanska.com
"In short, 2009 will be a year full of opportunity for those E&P and oilfield-service companies that have lots of dry powder and strong cash flow. Without foreign-supply disruption and re-weakening of the U.S. dollar, global oil prices should continue to hover in 2009 below US$70. U.S. oil and gas producers can be more optimistic about 2009 natural gas prices, as producers can actually affect supply domestically by cutting back on drilling, and they already have been doing this. M&A will be active in the upstream energy industry, as these low commodity prices further distress asset owners that are heavily weighted to debt. " Nissa Darbonne, Executive Editor, Oil & Gas Investor, www.oilandgasinvestor.com
What do you think? Let us know at vollocity@vollmerpr.com.
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